Yes, you can claim a QBI deduction for rental properties on Schedule E. To take the QBI safe harbor for a single property, you must have:
1. Performed rental services for at least 250 hours (you or someone you hired)
2. Kept separate books and records showing income and expenses
3. Didn't use it as your residence
4. Didn't lease the property under a triple net lease
5. Didn't rent the property to a commonly controlled business.
You can also qualify for QBI with other criteria without taking the safe harbor. In fact, if you select No on the Safe Harbor screen, TurboTax will ask if you'd like to qualify as a business next. That qualification is easier to get but more open to audits by the IRS; you lose the safe part of the safe harbor.
Reporting your rental property on Schedule E allows you to deduct your rental expenses including the cost of assets. If your assets (useful life over one year) cost less than $2,500 each, you may be able to expense the cost rather than depreciating the cost over several years. This is covered by the De Minimis Safe Harbor Election, which appears in TurboTax at the beginning of the Assets/Depreciation topic under Rental Income & Expenses.
Additional Information:
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